At the close of trading on Friday, the July sugar futures contract No. 11 in New York (SBN24) showed a slight increase of +0.03 (19.28; +0.16%), while the August white sugar ICE No. 5 futures contract in London (SWQ24) closed with a gain of +1.50 (572.00; +0.26%), according to data from Barchart.
On Friday, sugar prices saw a modest increase. The reason for closing short positions in sugar futures was the rise of the Brazilian real (^USDBRL) against the dollar to a three-week high. This reduces export sales for Brazilian sugar producers.